Early in September the former CEO of SAAB, Jan Ake Jonsson was finally charged with giving false testimony during the bankruptcy court case for the collapsed car maker. SAAB had been abandoned by General Motors and Spyker had stepped in with firstly Russian/Ukrainian and then Chinese money to save the company. GM didn't like either parties and the deal failed taking firstly … [Read more...]
Volvo Polestar
A few months ago, Volvo announced it was to acquire Polestar, a tuning company. Many other marques have gone down this path in the past, the notable ones being Mercedes-Benz who bought AMG, FIAT who bought Abarth and Renault who bought Alpine. Volvo being the odd one out because their tuner starts with a "P"! Other manufacturers have created their own performance lines: BMW … [Read more...]
SAAB
Saab was founded as an aircraft company in 1937 although its heritage goes back to 1921 when Svenksa Aero was formed to build German aircraft under licence. In 1932 they were bought by ASJA – in English these letters stood for the Swedish Railroad Workers Air Plane Department. After several years with no commercial success, ASJA was reformed as Svenska Aeroplan AB, or SAAB. I … [Read more...]